A bond to indemnify an employer or business for loss due to embezzlement, larceny, or gross negligence by an employee or other person holding a position of trust. — Also termed blanket bond. [Cases: Insurance 1014, 2400. C.J.S. Insurance §§ 8, 1075.]
An agreement to indemnify against property damage or destruction. — Also termed property-damage insurance. [Cases: Insurance 1009. C.J.S. Insurance §§ 5, 7.]
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An agreement to indemnify for loss sustained because of a mistake or oversight by the insured — though not for loss due to the insured’s intentional wrongdoing. • For example, lawyers often carry this insurance as part of their malpractice coverage to protect them in suits for damages resulting from inadvertent mistakes (such as missing
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A covenant by which the grantor agrees to defend the grantee against any lawful or rea-sonable claims of superior title by a third party and to indemnify the grantee for any loss sustained by the claim. • This covenant is sometimes treated as being synonymous with covenant for quiet enjoyment. The covenant is not breached
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hold harmless, vb. To absolve (another party) from any responsibility for damage or other liability arising from the transaction; INDEMNIFY. — Also termed save harmless. [Cases: Indemnity 25, 31(4).]
An agreement to indemnify corporate directors and officers against judgments, settlements, and fines arising from negligence suits, shareholder actions, and other business-related suits. — Often shortened to D & O liability insurance; D & O insurance. [Cases: Insurance 2377.]
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An agreement to indemnify against property damage caused by fire, wind, rain, or other similar disaster. [Cases: Insurance 1009. C.J.S. Insurance §§ 5, 7.]
accommodation party. A person who, without recompense or other benefit, signs a negotiable instrument for the purpose of being a surety for another party (called the accommodated party) to the instrument. • The accommodation party can sign in any capacity (i.e., as maker, drawer, acceptor, or indorser). An accommodation party is liable to all parties
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indemnification n. (1)补偿；损失补偿 指为他人的行为所造成的损失进行赔偿或使之恢复原状的行为。如，甲不能清偿所欠乙之债而由担保人丙支付，即是丙对乙进行了补偿〔indemnify〕，乙自丙处获得了补偿。 (2)补偿金
warrandice (wahr-[schwa]n-dis or -dIs).Scots law. An obligation to indemnify the grantee or buyer of land if another person establishes a superior title and takes possession. personal warrandice. An obligation to indemnify that binds the grantor and the grantor’s heirs. real warrandice. An obligation by which certain lands are made over as security for lands conveyed